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USOIL Remains Neutral Despite Recent Spike
USOIL formed a bearish monthly candle close, and has traded sideways for the past 3 months. There was a recent spike in oil prices caused by the geopolitical tensions in the Middle East. Tensions are likely to escalate from here, and oil is likely to rebound. For now USOIL recently pumped and dumped. There could […]Read More
IWM Forming a Bull Pennant
IWM is experiencing a sharp decline today, but is still trading sideways within a range. IWM has been neutral since July 16, and is now forming a bull pennant pattern with support around $219.67. I remain bullish in August, and I think this correction looks healthy considering how much upside IWM experienced in July. Follow […]Read More
SPY and QQQ Trading Below Resistance
The S&P and NASDAQ are trading near important resistance levels. SPY has resistance around $555, and I believe SPY will climb above resistance in the month of August. QQQ has some room to rally with resistance around $511. Follow me on social media: https://linktr.ee/realchartchamp
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